Absolute Delta - Premium Indicator

Absolute Delta is a custom programmed indicator for NinjaTrader 8 that plots the delta values of each bar, as shown by a downward white arrow in Image 1. The Absolute Delta indicator gives you an exact picture of the live winner between buyers and sellers on every tick. This indicator requires a NinjaTrader 8 Lifetime licence. If your data provider supplies tick data, then you can test this indicator on market replay as well to find the best settings for your strategy. This indicator also plots upper and lower lines, as indicated by downward red arrows in Image 1, to give you an idea about how extreme the delta value is compared to those of other bars.

Now, it is recommended not to change any of the default settings that are marked by the red rectangle in Image 2 unless you know how these changes may affect this indicator’s plots and calculations. If you want to change the colour, dash styles, values, and width of the upper and lower lines, you can do that from the ‘Lines’ settings, as marked by the white rectangle in Image 3. Furthermore, if you want to change the colour, styles, etc., of the delta plot, you can also customise that from the ‘Plots’ section of the settings (as indicated by the lime green rectangle in Image 4).